Absolut Resources Corp.
TSX VENTURE : ABS

Absolut Resources Corp.

June 20, 2005 00:55 ET

Absolut Intersects 1.48 g/t Gold Over 107 Metres

TORONTO, ONTARO--(CCNMatthews - June 20, 2005) - Absolut Resources Corp. (TSX VENTURE:ABS) is pleased to announce that the Company has received further drilling results from its Phase Three reverse circulation drill program completed on the Pico Machay, High Sulphidation Gold Project in Peru. Highlights include ABS-136 intersecting 107.5m @ 1.48 g/t Au, ABS-140 intersecting 43.5m @ 1.77 g/t Au and ABS-143 intersecting 46.5m @ 1.49 g/t Au.

Drillhole ABS-143 is located 125m to the northeast of the previously reported ABS-135 (30m @ 2.32 g/t Au) (see Company press release dated June 8, 2005). From hole ABS-135 the orientation of the mineralisation changes from east-west to northeast as it wraps around the contact between the dacite dome and the overlying volcanics. The strike length of the main zone to date is 600m and remains open to the northeast and west.

For drill hole locations and sections please click here: http://www.absolutresources.com/news/2005/pr_image062005.htm

Drill results, calculated using a 0.3 g/t Au cut-off and up to 1.5m of internal dilution are as follows:



Length Grade
Hole From To (m) (g/t)
---------------------------------------------------------------------
ABS-136 0.0 107.5 107.5 1.481
122.5 149.5 27.0 0.478

ABS-137 No significant assays

ABS-138 58.0 61.0 3.0 0.375
74.5 79.0 4.5 0.552
85.0 91.0 6.0 0.618
97.0 101.5 4.5 0.496

ABS-139 52.0 55.0 3.0 0.365
56.5 62.5 6.0 0.434

ABS-140 25.0 68.5 43.5 1.768

79.0 82.0 3.0 0.422

ABS-141 56.5 98.5 42.0 0.526

ABS-142 4.0 16.0 12.0 1.332
26.5 29.5 3.0 0.578
35.5 44.5 9.0 0.610
76.0 97.0 21.0 0.418

ABS-143 2.5 49.0 46.5 1.486
70.0 73.0 3.0 0.310
91.0 95.5 4.5 0.697
106.0 109.0 3.0 0.530

ABS-144 0.0 2.5 2.5 0.756

ABS-145 29.5 32.5 3.0 0.605
37.0 44.5 7.5 0.946
52.0 55.0 3.0 0.568


As a reference, the Newmont / Buenaventura Yanacocha high sulphidation gold mine has an overall grade of 0.96 g/t Au and Barrick's Alto Chicama deposit grades 1.39 g/t Au.

Absolut's wholly owned subsidiary, Minera Calipuy SAC has an agreement with Monterrico Metals PLC to earn up to a 75% interest in the Pico Machay gold project.

Absolut has implemented a quality control program to ensure best practice in chemical sampling and analysis of surface and reverse circulation drilling samples. Analytical services are provided for by ALS Chemex Laboratories in Lima and North Vancouver.

Absolut Resources Corp. is a precious metals exploration and development company based in Toronto, Canada. Absolut believes in an international best practices approach, and implements this on all its social and environmental decisions. The required qualified person for the Pico Machay Gold Project is Mr. Dan Noone, who is a member of the Australian Institute of Geoscientists.

This press release contains forward looking statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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